Factoring is a way to increase your cash flow without going into debt. A Factoring Company will purchase your accounts receivable (invoices) as soon as 24 hours after you invoice; this creates immediate cash flow for your company.

Factoring Companies are usually more flexible than traditional lenders regarding requirements needed to qualify for funding. Since Factoring Companies collect directly from your customer they are more interested in the customers credit history than yours, and are often willing to fund new companies.

1. Business Information
   • Legal name of business
   • Years in business
   • Type of organization--legal structure
   • Ownership—list of principals, percentage of ownership, phone and fax numbers
   • UCC-1, Tax liens, or Judgments
   • Corporation Certificate
2. Product or Service
   • Description of product or service
3. Sales Information
   • Customer list
   • Sales volume per month
   • Payment Terms
4. Financial Statements
   
   • Company Balance Sheet (2 years if available)
   • Receivable Aging
   • Payable Aging
   • Profit and loss statement (2 years if available)
   • Tax Returns (2 years)
   • Personal tax returns of all principals (2 years)
   • Personal financial statements of all principals

* Contributions to this page was provided by:
Nancy Saulson
Capital Financial Services
602-248-0864